Listing provided courtesy of Realty Investment Advisors, Inc.- MLS# 26848557MLS Provider

440 Raymond AveSanta Monica, CA 90405

Multi-Family · 28 Beds · 15,820 Sq. ft. | 0.32 Acres
$7,750,000 Active

440 Raymond Ave Overview

Time on Site:
13 days
Visits:
0

*NOW TOURING* We are proud to present 440 Raymond Ave, a 20-unit multifamily investment opportunity located in the highly sought-after Ocean Park neighborhood of Santa Monica. Held by the same family since 1997, this offering represents a rare opportunity to acquire a Westside asset being offered for sale for the first time in nearly 30 years. Featuring a desirable courtyard-style layout, the property has benefited from significant capital improvements throughout ownership, including a complete copper plumbing repipe, newer above grade sewer pipes, completed seismic retrofit work, security enhancements, and numerous common area improvements. Additionally, 15 of the property's 20 units have been renovated with updated kitchens and bathrooms, quartz countertops, upgraded cabinetry, wood flooring, ceramic tile finishes, crown molding, LED lighting, and updated appliances. Ownership has completed extensive renovations while leaving additional upside through continued unit turnover.Positioned approximately five blocks from the Pacific Ocean, residents enjoy convenient access to Main Street Santa Monica's restaurants, cafes, boutiques, fitness studios, and neighborhood-serving retail. The property is also located near the Santa Monica Farmers Market, Santa Monica Pier, Abbot Kinney,Third Street Promenade, and the beach bike path. Located in the heart of Silicon Beach, 440 Raymond Ave benefits from proximity to major employment centers throughout Santa Monica, Venice, Playa Vista, Marina del Rey, and Culver City. Convenient access to Lincoln Boulevard, Pacific Coast Highway, and the I-10 Freeway further enhances accessibility throughout the Westside.440 Raymond Ave offers investors a rare opportunity to acquire a well-located Ocean Park apartment asset being offered for sale for the first time in nearly 30 years, with extensive renovations, a walk-to-beach location, and continued rental upside.

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440 Raymond Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 15,820
  • Price/Sq.ft. $490
  • Lot 0.32 Acres

Details

General

Income/Expenses

  • Gross Income: 631196
  • Net Operating Income: 425370.00

Building Information

  • Year Built: 1969

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Santa Monica

Rent/Lease Information

  • Tenant Pays: Gas, Electricity

Tax Information

  • Tax Assessed Value: 2215504

General Information

  • Disclosures: None
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Rent Control: True
  • Zoning: SMOP2*

Interior

Beds/Baths

  • Bathrooms Total: 28.00
  • Bedrooms Total: 28

General Information

  • Cooling: None
  • Entry Location: Ground Level w/steps
  • Flooring: Carpet, Engineered Hardwood, Vinyl Plank, Wood Laminate
  • Heating: Wall
  • Interior Features: Crown Moldings
  • Levels: Two
  • Living Area: 15820
  • Living Area Source: Vendor Enhanced
  • Spa Features: None
  • Spa: False
  • Stories: 2

Exterior

Parking Information

  • Parking Total: 29

Lot Information

  • Lot Features: 5 + Lots, Automatic Gate, Sidewalks
  • Lot Size Acres: 0.3171
  • Lot Size Area: 13811
  • Lot Size Source: Vendor Enhanced
  • Number Of Buildings: 1

Building Exterior/Construction

  • Patio And Porch Features: Deck(s), Balcony

General Information

  • Covered Spaces: 29
  • Number Of Units Total: 20
  • Other Structures: None
  • Pool Features: None
  • Pool Private: False

440 Raymond Ave Neighborhood

Community

90405 (Santa Monica) Demographics

41
Median Age
9,748
Population Density (per sq. mile)
75%
College Educated
$96,352
Estimated Median Income
4,586
Estimated Total Home Owners
9,488
Estimated Total Renters
33% / 67%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

440 Raymond Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

440 Raymond Ave Market Data

Based on the last 30 days in this zip code

$2,094,368
Average List Price
$1,279
Average Price per Square Foot
28
Properties Sold
63
Average Days on Market
293
Properties for Sale
Calculations provided by Reliance Network

440 Raymond Ave History

Date Event Value Agent
6/16/2026Source: CRMLS Added to Database
June 16, 2026
6/16/2026Source: TheMLS (CLAW) Added to Database
June 16, 2026
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